Deckers Outdoor (NYSE:DECK) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Deckers Outdoor (NYSE:DECK) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other analysts have also weighed in on the stock. Citigroup reiterated a “buy” rating and set a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. Needham & Company LLC raised their price target on shares of Deckers Outdoor from $115.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. Evercore set a $108.00 price objective on Deckers Outdoor in a research note on Friday, January 30th. Finally, Piper Sandler restated an “underweight” rating and set a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.45.

Deckers Outdoor Stock Down 2.3%

NYSE:DECK opened at $107.65 on Tuesday. The company’s 50 day moving average is $107.47 and its 200-day moving average is $100.94. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 2.36 and a beta of 1.21. Deckers Outdoor has a 12 month low of $78.91 and a 12 month high of $133.43.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $3.00 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Research analysts predict that Deckers Outdoor will post 6.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 4,063 shares of Deckers Outdoor stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at $9,333,692.98. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauri M. Shanahan sold 4,682 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total transaction of $537,680.88. Following the sale, the director directly owned 25,026 shares in the company, valued at approximately $2,873,985.84. This represents a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,092 shares of company stock worth $1,048,552 in the last three months. Insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of DECK. Revolve Wealth Partners LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Deckers Outdoor by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock valued at $1,858,000 after acquiring an additional 522 shares during the period. Empowered Funds LLC lifted its stake in shares of Deckers Outdoor by 165.6% during the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock valued at $1,145,000 after acquiring an additional 6,384 shares during the period. Focus Partners Wealth boosted its holdings in Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after acquiring an additional 521 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock worth $1,062,000 after purchasing an additional 6,391 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.